Jiangsu

Jiangsu

Jiangsu profile

Jiangsu at a glance in 2016

  • GDP- US $ 1.14 trillion
  • GDP growth rate-7.8%
  • Foreign trade - US$536.4 billion
  • Export: 336.9 billion USD
  • Import: 201.2 billion USD
  • FDI –Contracted US $ 57.14 billion (actual US$ 35.76 billion) (2014)
  • Per capita GDP: US$ 14,341 (Highest among provinces of China)
  • Capital: Nanjing
  • Population- 79.8 million (It is the province with the highest population density in China, except municipalities of Shanghai, Beijing and Tianjin).
  1. Traditionally a major agricultural region of China, Jiangsu province is now one of the leading economic hubs of China. With an area of 102,600 square km, Jiangsu borders East China Sea to the east, Anhui to the west, Shandong province in the north and Zhejiang province and Shanghai in the south. Jiangsu Province lies within the lower reaches of the Yangtze River. The province has a coastline of 954 km. The name 'Jiangsu' is derived from 'jiang' of Jiangning (now Nanjing), and 'su' of Suzhou. The short name for Jiangsu is 'Su.'
  2. There are 13 municipalities under the jurisdiction of the provincial government, namely, Nanjing, Wuxi, Xuzhou, Changzhou, Suzhou, Nantong, Lianyungang, Huai'an, Yancheng, Yangzhou, Zhenjiang, Taizhou and Suqian. Under these municipalities, there are 52 counties or county-level cities. The capital of the province is Nanjing.
  3. The Jiangsu province has been a leader in economic development in the region managing a total import & export exceeding USD 800 billion in 2016 and the foreign trade volume of private enterprises and service industry doubled during the past five years. More than 400 out the world Fortune 500 companies have become investors at Jiangsu. The province has established 291 pairs of sister city/ province relationship with countries around the globe and is at the top of China's table of provinces with sister city/ province relationship. Around 100,000 students from 160 countries study at Universities at Jiangsu making it the largest number of Chinese- Foreign cooperative hub.
  4. Jiangsu's goals for the 13th five year plan are in line with the national goals with enhanced focus on modernization and progress in science and technology. Though Jiangsu is second in terms of GDP (after Guangdong), Jiangsu has the highest GDP per capita of all the Chinese provinces. The Primary industry contributed only 6.06% of the GDP whereas the share of secondary and third industry was 41.5% and 50.1% respectively. The high tech industry output value of 6.7 trillion Yuan is higher than the total industrial output. The service sector showed a 1.5% increase over last year. The per capita disposable income grew by 8% in the urban areas and 8.3% in the rural areas, lesser than last year’s 9.6% and 11.4% respectively. The income gap between urban and rural areas further decreased to 2.28:1 from 2.29:1.
  5. The rate of urbanization in the province reached to 64.1%. In 2015, among the top ten economically best performing third tier cities, eight are from Jiangsu. But most of these cities are in Southern Jiangsu. In line with the central, the province also focused attention of provision of six basic services to residents including education system, employment service system, social security system, basic medical and health care system, housing security system and pension service system. The social security system now covers over 95% of the provincial population. The emphasis is on pursuing growth while maintaining stability and to this end a tenfold program has been adopted which includes deepening industrial structure adjustment, and enhancing overall competitiveness; deepening rural reform and continuing with urbanization; emphasis on environment protection and promotion of clean energy.
  6. The province is moving towards a more open economy. This year the total foreign trade reduced by 0.7% from last year. The exports rose a 0.2% to 2.1 trillion Yuan while the imports reduced by 2.2% to 1.2 trillion Yuan. From the point of view of exports, except Jiangsu’s exports to Japan, the rest including India, Russia, ASEAN, USA and Europe has increased. The imports to countries along China “Belt and Road” initiative grew by 6.1% and especially the Russian exports grew by a tremendous 18.1%.
  7. Prominent sectors – traditional products such as rice, wheat, oil seeds, fishery and sericulture. Pillar industries - textiles, machinery, electronics, and petrochemicals, foodstuffs, building materials, metallurgy and automobiles. The current emphasis is on biotechnology and IT with an expected rise in R&D expenditure to 2.8% GDP. The goal for the 13th Five year plan is to have 45% output value for the new industries. Exports are mainly mechanical and electrical products, textile and apparel, footwear, and other labor intensive products while products most imported are iron ores, chemicals, and agricultural products.

9. Leadership of the Jiangsu Provincial People's Government

1. Party Secretary -  Mr. Li Qiang

2. Governor- Wu Zhenglong
3. Chairman of Standing Committee of Jiangsu People’s Congress – Mr. Li Qiang
4. Chairman of  People’s Political Consultative Conference – Mr. Jiang Dingzhi

India-Jiangsu Political Relations:

  1. Punjab Chief Minister, Shri Prakash Singh Badal visited Wuxi, Jiangsu in November 2014. He along with his 17 member delegation had meeting with the Party Secretary of Wuxi. Punjab is also in discussion with Jiangsu for a sister city agreement. Punjab Government has signed three MoUs with Jiangsu in the field of fisheries and aquaculture.

India - Jiangsu Economic & Trade Relations

  1. In 2016, India’s total trade with Jiangsu stood at US$ 10.917 billion up by 0.2% from the corresponding figures of the previous year. Jiangsu still retains its position as India’s largest trading partner from ECR since 2008. Exports from India reduced to US$ 0.992 billion down by 27.32% while Imports by India reached US$ 9.925 billion up by 3.06%
  2. The principal items of import from Jiangsu to India were mechanics, electric devices and its components, chemical industry and the products and base metals and its products. The main items of export from India to Jiangsu were chemicals, textile raw materials and products, mechanics, electric and its components. In 2015, total  contracted investment of India in Jiangsu reached the amount  of  US$ 1.054 billion for 181 projects , out  of  which  accumulated actual  investment  stood  at US$ 0.163 billion.
  3. By the end of December 2015, there are 64 companies approved by Jiangsu to set up overseas companies in India, in which the Chinese contract investment reached the amount of US$132 million. Companies from Jiangsu are doing business with a large cross section of Indian companies in various sectors such as power generation, mining, chemicals, infrastructure development, auto components etc. This includes Isola Laminate Systems(Suzhou) Limited, JOC International Technical Engineering Co. Ltd. (JOC), Jiangsu Jinpeng Power Station & Transmission Electricity Engineering Co. Ltd., CSR Nanjing Puzhen Rolling Stock Co Ltd., China Coal No. 5 Construction Company, Jiangdu Tianan Machinery Co. Ltd., Jiangsu Hongda Special Steel Machinery Plant Corp. Ltd., Yapp Automotive Parts Ltd. etc.
  4. Many Indian companies have set up manufacturing units in Jiangsu. Dr. Reddy’s Laboratories has set up a manufacturing unit in Kunshan. Mahindra Satyam has established its largest software development centre outside India in Nanjing. Mahindra & Mahindra has acquired a tractor manufacturing facility in Yancheng. Laxmi Machine Works (LMW) has established a wholly owned subsidiary LMW Textile Machinery (Suzhou) Company Ltd in Suzhou and is currently establishing its own manufacturing facility. Wipro has set up Wipro Infrastructure Engineering Machinery (Changzhou) Co. Ltd. in Changzhou to manufacture hydraulic cylinders. Harsha Engineering has set up Harsha Engineering Components (Changshu) Co. Ltd in Changshu. Sterlite has set up Jiangsu Sterlite Tongguang Fiber Co. Ltd. in Haimen to manufacture, market and distribute optic fiber used to produce fiber optic cables. Havells Sylvania has entered into a JV with Shanghai Yaming Lighitng Co. to establish a Greenfield manufacturing facility to produce energy efficient lamps in Yancheng, Jiangsu. Tata Jaguar Land Rover (JLR) has entered into a JV with Chery motors, which has established a manufacturing facility in Changshu. Aditya Birla Group Company Novelis has established a plant at Changzhou.
  5. Consulate General of India Shanghai, in partnership with NASSCOM and Nanjing Municipality organized a India-China IT symposium in Nanjing in January 2017. More than 50 leading Chinese companies from sectors including the intelligent equipment manufacturing, aviation engineering, smart grids, energy saving and environmental protection technologies, new generation cloud computing participated at the event. Indian company representatives of Infosys, Wipro, Tech Mahindra, TCS, HCL participated in the session.

Indian community in Jiangsu

  1. There are over 400 Indians in Nanjing including 115 students at Nanjing Medical University and 130 in South East University. There are also 470 students in Suzhou Medical University, 210 in Yangzhou University, 100 in Zhenjiang Jiangsu University and 260 in Nantong Medical College.

Special Economic Zones (SEZs) in Jiangsu

  1. Jiangsu has 11 national level SEZs and a major international port- Lianyungang. The names of the SEZs are as follows-

Nanjing New High Tech Industrial Development Zone, Nanjing Economic & Technological Development Zone, Wuxi New High Tech Industrial Development Zone, Changzhou New High Tech Industrial Development Zone, Suzhou Industrial Park, Suzhou New High Tech Industrial Development Zone, Kunshan Economic & Technological Development Zone, Zhangjiagang Free Trade Zone, Nantong Economic & Technological Development Zone, Lianyungang Economic & Technological Development Zone and Taizhou China Medical City.

Places to see in Jiangsu

  1. Jiangsu is crisscrossed by rivers, canals and lakes, which along with numerous historic sites holds great attraction for tourists from all over the world. Tourism in Jiangsu revolves around three major tourist centers, namely the Yangtze River Area, the Lake Taihu Area and the Xuhuai (Xuzhou and Huaian) Area. Nanjing, the capital of Jiangsu, was also the capital of six Chinese dynasties and contains a variety of historic sites that include ancient ones such as Nanjing Confucius Temple, Ming Dynasty City Wall and the contemporary ones such as Sun Yat Sen Mausoleum etc. Suzhou, which is located in the south east of the Jiangsu province, is known as the ‘Venice of China’.  The city is renowned for its “Wu” Culture, the traditional ‘checkerboard- black tile, white wall’ architecture and the classic ‘rock and water’ gardens. Nine gardens in Suzhou are listed as World Cultural Heritage Sites. Xuzhou is famous for Han Dynasty (206BC-220AD) Terracotta Warriors’ site and Wuxi has a 80 meter high bronze Buddha statue built in 1996. The water towns such as Luzhi, Mudu, Tongli & Zhouzhuang, and Lakes such as Slender Waist Lake of Yangzhou, Lake Taihu of Wuxi, modern bridges sprawling across the Yangtze River and the older bridges across the ancient canals are also major tourist attractions in Jiangsu.

 

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Yangtze River

Nanjing Tower buildings

Suzhou

Wuxi

Updated on February 2017

 
India - Eastern China
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